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However, the N. Delaware acquisition (the Bass lands) are in the New Mexico part of the Permian, so Texas numbers do not capture Exxon’s XTO oil production.Exxon expects to achieve this production growth via its shale arm, Fort Worth subsidiary XTO Energy, which it purchased in 2010 for $31 billion. Sara Ortwein, president of Exxon Mobil’s XTO Energy subsidiary, said,”We have logistics and technology advantages over our competitors.”They also will call upon their experience gained from drilling over 5,000 horizontal unconventional wells and having large, highly contiguous acreage positions.6Exxon recently cited drilling 12,500 foot laterals in the Delaware bit and even a three miler in the Midland Basin.7Of Exxon’s 36 rigs operating in the Permian and Bakken, 30 are to be directed to the Permian.

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iphone 7 plus case But why over complicate the matter? In this case, I loosely assign the label to companies that (1) seem to have an overall dominance within their respective tech sub sectors and (2) are most likely to survive periods of softness in the economy or in the markets and come out the other end winners.Second, the idea of high quality could be too closely associated with large companies and mega cap stocks, since they tend to be less sensitive to negative macro factors. To address this concern, I compared the performance of the very diversified S 500 (SPY) index against the blue chip Dow Jones (DIA) and the smaller cap Russell 2000 (IWM) indices.The graph below suggests, perhaps to my surprise, that small cap names have in fact outperformed their larger counterparts since the start of the current correction period (January 29th to today). If any cap size related bias might exist in my analysis, it would likely favor smaller, more speculative plays.Source: Yahoo FinanceOn to the hypothesis test Following my definition of high quality in tech, I built a hypothetical portfolio worth $1,000 using the following 10 stocks:Hardware: Apple (AAPL), Cisco (CSCO) and Intel (INTC) Software: Oracle (ORCL) and Microsoft (MSFT) Internet: Facebook (FB), Alphabet (GOOG) (NASDAQ:GOOGL) and Netflix (NFLX) E commerce: Amazon (AMZN) and Alibaba (BABA) I then measured the performance of the above portfolio against that of the Nasdaq diversified technology heavy index (QQQ), from the beginning of the mini bear until now. iphone 7 plus case

iPhone Cases sale Here you will find the musings and ramblings of a fat activist, gun owning, liberal, red necked libertarian North Idaho witch. Enjoy “”Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, chocolate in one hand, a drink in the other, body thoroughly used up, totally worn out and screaming ‘WOO HOO. What a ride!'””. iPhone Cases sale

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